Industrial Facility Leased to
138 Bracken Rd, Montgomery, NY 12549
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Single-tenant industrial facility in Montgomery, NY, leased to Cintas.
Type:INDUSTRIAL
Property size:
12,928 SFLot size:
2.09 AcresPrice / SF:
$221/SF- Added:
- May 20, 2026
- Days on Market:
- 9
- Last Refresh:
- May 21 at 7:52 am
Property Features for 138 Bracken Rd
General Information
- Standard status
- Active
- Size
- 12,928 SF
- Lot size
- 2.09 Acres
- Property subtype
- INDUSTRIAL
Listing agent Asher Wenig
Listing office SAB (646) 809-8856
Listing date May 20, 2026
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SAB
HighLights
- Mission‑critical, single‑tenant industrial facility 100% leased to Cintas Uniform Services
- Over seven years of remaining lease term expiring June 30, 2033, with 2.5% annual rent escalations
- NN+ lease structure with limited landlord responsibilities (roof and structural components)
- Cintas executed an eight‑year lease extension after parking lot replacement/expansion, indicating long‑term commitment
- Functional layout with approximately 10,428 SF of warehouse space and 2,500 SF of office space
- Located within an established industrial corridor in the Hudson Valley region
Overview
The property is a single-tenant industrial facility leased to Cintas Uniform Services, situated at 138 Bracken Road in Montgomery, New York. The facility encompasses approximately 12,928 square feet and is located on roughly 2.09 acres within an established industrial area in the Hudson Valley region. The building's layout includes approximately 10,428 square feet of warehouse space and 2,500 square feet of office space, designed to support logistics and service operations. The property is fully leased to Cintas Uniform Services under a NN+ lease agreement, with the landlord's responsibilities limited to the roof and structural components. The lease began on July 1, 2009, and is set to expire on June 30, 2033, leaving over seven years of remaining term with annual rent increases of 2.5%. Following a significant parking lot replacement and expansion, Cintas executed an eight-year lease extension, demonstrating a long-term commitment.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.40M
NOI $216,322 @ 9.00% cap · cautious / downside scenario
Moderate
$3.09M
NOI $216,322 @ 7.00% cap · market / base-case scenario
Aggressive
$4.33M
NOI $216,322 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $347.5k | $26.88 |
| − Vacancy | −$59.1k | −$4.57 |
| EGI | $288.4k | $22.31 |
| − OpEx | −$72.1k | −$5.58 |
| NOI | $216.3k | $16.73 |
12,928 SF · lease $26.88/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.09M
$2.70M – $3.61M
NOI $216,322 @ 7.0% cap · market cap 7.54%
Second Best
Flex RnD
$2.15M
$1.88M – $2.51M
NOI $150,717 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M
NOI $306,499 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Cintas Uniform Services
(Bike/Boat/Book/etc) Store
Cintas Facility Services
Big Box & Wholesale Store
Similar Places Nearby
- Barbecue Specialists — 886 NY-17K, Montgomery, NY 12549
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Orange
- State
- New York
- Longitude
- -74.1902887
- Latitude
- 41.5217129
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Single-tenant industrial facility in Montgomery, NY, leased to Cintas.
Where is this flex space located?
The property is located at 138 Bracken Rd Montgomery, NY.
What is the asking price?
The asking price for this property is $2,869,565.
What are key features of this property?
This property features: Mission‑critical, single‑tenant industrial facility 100% leased to Cintas Uniform Services; Over seven years of remaining lease term expiring June 30, 2033, with 2.5% annual rent escalations; NN+ lease structure with limited landlord responsibilities (roof and structural components)
